Why Tokenize? Fidelity on Onchain Assets and the Next Phase of Adoption
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Why Tokenize? Fidelity on Onchain Assets and the Next Phase of Adoption

16:04 Mar 4, 2026
About this episode
What does it actually mean to bring assets onchain — and why should investors care?  In this episode, Cynthia Lo Bessette, Head of Digital Asset Management at Fidelity Investments, breaks down Fidelity’s roadmap for digital market adoption — from Bitcoin ETPs to tokenized money market funds — and explains why tokenization is about far more than just putting assets on a blockchain.  We cover:  The three phases of digital asset adoption: Hold, Use, Build  Why tokenizing an asset must start with utility  How tokenized money market funds bridge payments and yield  The rapid rise of real-world assets (RWAs) onchain  The impact of the regional bank crisis and stablecoin depegging  Staking yield inside traditional wrappers  Institutional adoption of DeFi infrastructure  Build vs. partner decisions inside a major asset manager  Cynthia also shares insight into Fidelity’s early Bitcoin mining experiments, how they evaluate crypto founders, and why authenticity is the smallest hill she’ll always die on.  If you're interested in tokenization, real-world assets, crypto ETFs, DeFi infrastructure, or the future of asset management — this conversation is for you. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
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